Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday, Zacks reports.
CCEC has been the topic of a number of other reports. Weiss Ratings cut shares of Capital Clean Energy Carriers from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, October 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 target price on shares of Capital Clean Energy Carriers in a research note on Monday, August 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $25.00 price target on shares of Capital Clean Energy Carriers in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.33.
Get Our Latest Analysis on Capital Clean Energy Carriers
Capital Clean Energy Carriers Price Performance
NASDAQ:CCEC opened at $20.73 on Wednesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 11.46 and a beta of 0.66. Capital Clean Energy Carriers has a 1-year low of $16.77 and a 1-year high of $23.95. The firm has a fifty day simple moving average of $21.28 and a 200 day simple moving average of $21.42. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.81.
Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $138.13 million for the quarter, compared to analyst estimates of $126.52 million. Capital Clean Energy Carriers had a net margin of 27.76% and a return on equity of 7.25%. On average, research analysts expect that Capital Clean Energy Carriers will post 1.90 EPS for the current fiscal year.
About Capital Clean Energy Carriers
Capital Clean Energy Carriers Corp. is a maritime transportation company focused primarily on the ownership and operation of vessels that transport liquefied natural gas (LNG) and other energy products. The company’s fleet includes LNG carriers and other vessels serving the international energy supply chain, with operations conducted through long-term and other commercial charter arrangements.
The company is transitioning toward a cleaner-energy-focused shipping platform, with LNG transportation as a central part of its strategy.
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